it.support@fichtelegal.com'
Expat Female Lawyer Jasmin Fichte Gets 10-year UAE Golden Visa

Jasmin Fichte, founder and managing partner of Fichte & Co, was granted a 10-year golden visa by Dubai authorities on Sunday, becoming the first female lawyer in the UAE to receive the visa. Fichte is…

it.support@fichtelegal.com'
UPDATE: UBO Registry – A new compliance request for UAE companies

Key Changes Summary: On August 28, 2020, a new Cabinet Resolution came into effect, to regulate the procedures of a real beneficiary for corporate entities. Cabinet Resolution no. 58 of 2020 (the “UBO Resolution”) replaces…

it.support@fichtelegal.com'
NEW UPDATES: Economic Substance Regulations in the UAE

On 10 August 2020, The Cabinet of Ministers Issued Resolution No.57/2020 concerning Economic Substance Regulations (‘’Resolution 57’’). Resolution 57 amends and repeals the Cabinet of Ministers Resolution No. 31/2019, Cabinet Ministers Resolution No. 58/2019, and…

The New Bankruptcy Law – Stepping up to Challenges in a Post-pandemic Economy

Throughout the United Arab Emirates (UAE), a collective frustration existed with insolvencies due to the time-consuming nature and significantly low recovery rates, which stemmed from outmoded insolvency laws under Book 5, Article 645-900 of Federal…

How to Safely Close Down a Business in Mainland, UAE?

Introduction The two most prevalent routes that have been undertaken for liquidating a company are either ‘voluntary winding up’ specified under the Federal Law No. 2 of 2015 -The Commercial Company law (the “Companies Law”)…

it.support@fichtelegal.com'
FICHTE WEBINAR: Fintech – Current Legal Implications and Future Challenges

Free Live Webinar UAE has become a preferred hub for fintech entrepreneurs and investors, it is more than merely a buzzword and continues to grow importance as it offers vast business opportunities and competitive advantages.…

neelesh.pillai@fichtelegal.com'
RAKEZ is Now Offering 100% Ownership

RAKEZ OFFERS 100% FOREIGN OWNERSHIP IN MAINLAND WITH FDI COMPANY SET-UP In response to the UAE Government’s efforts to provide relief to businesses during the COVID-19 pandemic, a number of free zones have announced major…

Everything You Need to Know about End of Service Gratuity in the UAE

The End of Service Gratuity (‘EOS’) is a benefit granted by the UAE Federal Law no. 8 of 1980, as amended (‘Employment Law’) to the expatriate workforce in the private sector. Consequently, the benefit applies…

it.support@fichtelegal.com'
Fujairah Opens for Crew Changes

Travel restrictions and border closure imposed by governments around the world due to the Coronavirus outbreak, have caused significant hurdles to crew changes and left many seafarers stranded onboard ships or unable to join ships.…